Kakao Pay Securities Launches 'Coin Collecting' to Invest Spare Change in Funds

[Asia Economy Reporter Minji Lee] Kakao Pay Securities announced on the 28th that it has partnered with Kakao Pay to introduce ‘Coin Collecting,’ a service that automatically invests the spare change left from daily transactions. Additionally, Kakao Pay Securities’ fund products now feature an ‘Auto Investment’ function that allows users to conveniently invest a fixed amount on their preferred dates.

Coin Collecting is a new investment method where, when making payments online or offline via Kakao Pay, the spare change under 1,000 KRW is automatically calculated and invested in a pre-designated fund. For example, if a user buys a 1,200 KRW item at a convenience store, the payment is rounded up to 2,000 KRW, and the remaining 800 KRW is collected and immediately invested in Kakao Pay Securities’ fund products. This applies equally to all payment methods including Kakao Pay Money, Kakao Pay Card, and credit or debit cards linked to Kakao Pay.

Users can easily set up Coin Collecting by selecting the banner within the Kakao Pay investment service. Investment products can be changed at any time, and the methods and targets of ‘Coin Collecting’ will gradually expand.

Kakao Pay Securities has also newly added Auto Investment. Users can set regular investments on a monthly or weekly basis according to their desired date and amount in the designated fund. The investment amount for ‘Auto Investment’ can be set from a minimum of 1,000 KRW up to a maximum of 2 million KRW.

The setup process is simple. Within the ‘Kakao Pay Investment’ service, users select a fund product, choose Auto Investment as the investment method, and set the desired repetition cycle and investment amount just once. Both Coin Collecting and Auto Investment details can be managed at a glance in the fund investment status.

A Kakao Pay representative stated, “‘Coin Collecting’ and ‘Auto Investment’ provide users who feel distant from investing with an easy way to start investing small amounts, while offering experienced investors the convenience of automatic investments as they wish, serving as a catalyst to build investment habits. We will continue to create new changes by presenting various investment methods that can generate synergy with the platform in cooperation with Kakao Pay Securities.”

This content was produced with the assistance of AI translation services.